NAICS 481111 · Transportation
SBA loans for scheduled passenger air transportation
82 SBA loans worth $70.3M have been approved in this industry since FY2010 - the #738 most-financed NAICS code in the country.
Median loan
$250,000
+39% vs all industries
Typical range
$25K-$3.0M
Middle 80%
Median rate
6.25%
7(a) initial note rate
Median term
10 yr
Charge-off rate
16.3%
vs 7.6% all industries
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Lenders
Most active in this industry
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Alaska Growth Capital BIDCO, Inc. | 8 | $16.7M | |
| Truist Bank | 3 | $6.9M | |
| Newtek Bank | 3 | $5.2M | |
| Mortgage Capital Development Corporation | 1 | $5.0M | |
| FinWise Bank | 2 | $4.8M | |
| The Huntington National Bank | 11 | $3.9M | |
| Byline Bank | 1 | $3.8M | |
| SouthState Bank | 1 | $3.2M | |
| Ocean Bank | 1 | $3.0M | |
| Peoples Bank | 1 | $1.8M |
Geography
Where these loans were made
| State | Loans | Share |
|---|---|---|
| California | 14 | |
| Alaska | 9 | |
| Florida | 9 | |
| Ohio | 8 | |
| Texas | 6 | |
| Missouri | 4 | |
| New York | 3 | |
| Washington | 3 |
Approvals by fiscal year
’10
’11
’12
’13
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Loan count. Final bar is a partial fiscal year.
Loan sizes
- Under $50K17%
- $50K - $150K21%
- $150K - $350K15%
- $350K - $1M21%
- $1M - $2M11%
- Over $2M16%
Nearby
Other transportation industries
General Freight Trucking, Long-Distance, Truckload16,409 · $53,000General Freight Trucking, Local13,654 · $50,900Specialized Freight (except Used Goods) Trucking, Local3,193 · $65,000Freight Transportation Arrangement2,161 · $150,000Motor Vehicle Towing2,100 · $130,000Specialized Freight (except Used Goods) Trucking, Long-Distance1,604 · $55,750Used Household and Office Goods Moving1,498 · $150,000Limousine Service1,190 · $50,000
Common questions
- How much do SBA lenders typically lend to a scheduled passenger air transportation business?
- The median SBA approval in NAICS 481111 is $250,000, with the middle 80% of loans between $25,000 and $2,981,100. Across all industries the median is $180,000.
- Which lenders are most active in scheduled passenger air transportation?
- By dollars approved: Alaska Growth Capital BIDCO, Inc., Truist Bank, Newtek Bank, Mortgage Capital Development Corporation, FinWise Bank. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
- Is scheduled passenger air transportation considered a risky industry by SBA lenders?
- Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 16.3% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.